> For the complete documentation index, see [llms.txt](https://docs.pine.loans/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.pine.loans/pine-protocol/overview.md).

# Overview

Pine protocol is a two-sided decentralized non-custodial protocol that facilitates asset-backed loan transactions between lenders and borrowers. Lenders set up their own lending pools, choose NFT collections that they are willing to lend against and set their own terms for loan offers. These offers are then added to a one-sided offer book. Borrowers can choose from these offers and borrow digital currencies against them using their NFT assets as collateral.